Hills Bank & Trust Co. boosted its stake in Estee Lauder Companies Inc (NYSE:EL) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,232 shares of the company’s stock after purchasing an additional 443 shares during the quarter. Hills Bank & Trust Co.’s holdings in Estee Lauder Companies were worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. United Bank lifted its position in Estee Lauder Companies by 10.7% in the 1st quarter. United Bank now owns 2,868 shares of the company’s stock worth $475,000 after buying an additional 277 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Estee Lauder Companies by 22.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 456 shares of the company’s stock worth $76,000 after buying an additional 85 shares during the last quarter. Advisory Services Network LLC lifted its position in Estee Lauder Companies by 58.9% in the 1st quarter. Advisory Services Network LLC now owns 4,263 shares of the company’s stock worth $705,000 after buying an additional 1,581 shares during the last quarter. WT Asset Management Ltd bought a new stake in Estee Lauder Companies in the 1st quarter worth approximately $5,109,000. Finally, Bath Savings Trust Co lifted its position in Estee Lauder Companies by 4.8% in the 2nd quarter. Bath Savings Trust Co now owns 38,291 shares of the company’s stock worth $7,012,000 after buying an additional 1,757 shares during the last quarter. Institutional investors and hedge funds own 54.90% of the company’s stock.
A number of analysts recently weighed in on the company. Credit Suisse Group boosted their target price on Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Berenberg Bank began coverage on Estee Lauder Companies in a research note on Wednesday, October 16th. They issued a “buy” rating and a $230.00 price target on the stock. Bank of America reaffirmed a “buy” rating and issued a $220.00 price target (up from $205.00) on shares of Estee Lauder Companies in a research note on Monday, August 19th. UBS Group decreased their price target on Estee Lauder Companies from $205.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. Estee Lauder Companies presently has an average rating of “Buy” and a consensus price target of $194.96.
Shares of NYSE EL traded up $0.13 during mid-day trading on Friday, hitting $187.27. 915,389 shares of the stock traded hands, compared to its average volume of 1,704,993. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.53. Estee Lauder Companies Inc has a 52 week low of $121.47 and a 52 week high of $207.50. The company has a market cap of $66.38 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.44 and a beta of 0.76. The stock has a fifty day moving average price of $190.85 and a 200-day moving average price of $184.20.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.07. Estee Lauder Companies had a return on equity of 46.14% and a net margin of 12.34%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts predict that Estee Lauder Companies Inc will post 5.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.03%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, November 27th. Estee Lauder Companies’s payout ratio is 32.21%.
In other news, CEO Fabrizio Freda sold 16,479 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $184.08, for a total transaction of $3,033,454.32. Following the transaction, the chief executive officer now directly owns 83,348 shares of the company’s stock, valued at $15,342,699.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gregory Polcer sold 2,997 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $185.43, for a total value of $555,733.71. Following the transaction, the executive vice president now directly owns 85,723 shares in the company, valued at $15,895,615.89. The disclosure for this sale can be found here. Insiders sold 2,214,755 shares of company stock worth $434,929,789 over the last three months. Corporate insiders own 14.68% of the company’s stock.
Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
Further Reading: Cost of Equity For A Business, Investors
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